EVERFI announces international expansion with acquisition of United Kingdom-based EdComs
(2 October 2020)
EVERFI Inc., the leading social impact education technology innovator, today announced the company’s first international acquisition with the addition of EdComs, a company specializing in education that drives social change and brings real-world learning into the classroom. EdComs, a 25-year-old company headquartered in London, has a long-standing client base that includes several of the world’s largest technology companies, sports leagues, prominent brands, and trusts and foundations. Natalina Bertoli, Senior Partner of Bertoli Mitchell, provided financial and commercial advice to the principal shareholders of EdComs in this transaction.
In the last three years, EdComs has been active in more than 100 countries around the world and 93 percent of schools in the UK have run an EdComs activity. EdComs serves a number of well-known global organizations including the British Olympic Foundation, British Paralympic Association, EDF Energy, English Cricket Board, ICC Cricket World Cup, Public Health England, Team GB, Urban Land Institute. Partners that both companies lead education programs for in the U.K. and the U.S. include National Football League and the Premier League, to name a few. These entities will now have the added benefit of working with one company to deploy critical education at scale internationally.
“We were introduced to EVERFI by our joint client, the Premier League and we are delighted to be joining forces,” said Nick Fuller, Founder and CEO of EdComs. “As we worked with EVERFI, a real sense developed that we were like-minded and highly complementary organizations. When they approached us about the acquisition, it was an easy choice for us as EVERFI is a recognized leader in leveraging technology to deliver social impact education. They bring an impressive business track record along with their highly-regarded early investors and prestigious customer base.”
EVERFI’s growth and success over the last 11 years are tied to its sophisticated operating platform. The turn-key solution delivers scalable community engagement education solutions to learners in K-12 schools, institutions of higher education, and workplace environments. The flexible software-as-a-service (SaaS) platform houses a growing catalog of more than 300 courses that are deployed digitally across the U.S. and Canada to more than 3,500 customers including HSBC, Navy SEAL Foundation, and SAP to name a few. EVERFI’s courses cover critical topics such as anti-bullying, digital wellness, financial literacy, mental health, prescription drug misuse, sexual assault prevention, and more. EVERFI has also developed a number of quantitative metrics to measure knowledge gain, impact, and reach of its programs.
The EdComs leadership team will remain in place post-acquisition, with no changes for either clients or staff. Fuller will serve as President of EdComs and will continue his role leading the United Kingdom-based team. In respect of Bertoli Mitchell's role, Nick Fuller said: “Natalina from Bertoli Mitchell was superb. She was always calm, always considered, and her advice to the principals was consistently measured and very helpful. It was a very successful process, and Natalina’s experience and insight played a key part of making it so.”